Analysts don’t know whether they’re coming or going with US inflation right now, and its immediate effect on interest rate expectations. While comments from several members of the FOMC, the Federal Reserve’s interest-rate setting committee poured cold water on early rate drops following Thursday’s rise in monthly inflation, a reading on Friday for inflation expectations (PPI) was less certain.
After being closed for a public holiday today, the markets will hear news of December’s retail sales on Wednesday and some housing data later in the week.
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USD/GBP past year
